Hello Price Action Traders.
The forex pair, as shown in the daily chart below, is in a trading range phase with the resistance area at 1.6200 and the support zone at 1.5900. Between yesterday and today price pushed downward until it touches 1.5850 but without daily closing confirmations creating a false break, really clear and obvious. This could provide pushes upward toward the resistance level at 1.6200. For the pair I see only LONG opportunities in the very next days.
It’s all for today
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